http://www.bloomberg.com/news/articles/2016-04-17/oil-freeze-talks-end-in-failure-amid-saudi-demands-over-iran
Even if oil is cheaper, when will there be cheaper gasoline-oil spread? make more refineries or else global colapse...? The environment is important but I wonder if it is as important as a refinery?
Otherwise,
It is just as likely that the Saudi's plan to sell all securities (as previously mentioned) would do so if their income collapses due to lower oil prices or Iran really cares about such. Therefore, it is a regional oil production war --> lower effective prices.
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